The Best Ways To Buy Bitcoin
Coinbase.com: Easy way to to buy, sell and shop online with bitcoin.
Coinbase only accepts customers in North America, Europe, Australia & Singapore
Special Offer: Bonus of $10 in free BTC after you buy $100 worth of bitcoin.
Invest in bitcoin with a Bank Account
Bitfinex.com: Invest in bitcoin or margin trade bitcoin against the U.S. Dollar. Low fee bitcoin trading platform – Ideal for wealthier investors and institutional traders. You can long or short Bitcoin while holding USD as margin. New OTC Desk
Buy Bitcoin with CNY
OKCoin.com BTC/CNY Spot, margin, & bitcoin futures exchange. Not available to U.S. Residents.
Buy Bitcoin with EUR
Bitpanda.com Easy way to buy and sell bitcoin with Euro. Not a trading platform.
Buy Bitcoin with JPY
Coincheck.com BTC/JPY Spot & margin trading platform. Deposit JPY to buy bitcoin or alt cryptocurrencies.
Trade bitcoin with 0% exchange fees until March 31st, 2017
Register for a CoinCheck payment account for a FREE iPad (Japan residents only)
Buy Bitcoin with a Debit Card or Credit Card
Coinbase.com Buy bitcoin with credit or debit card for a 3.75% fee.
Coinmama.com Buy bitcoin or ether with your credit card. Up to $1000 per day.
In some countries you can use CoinMama to buy bitcoin with cash up to $5000 per day.
Coinmama is currently only available in 18 of 50 U.S. States.
Buying bitcoin with a card is more expensive. There will be a transaction fee or premium over market price for your bitcoins. It is more cost efficient to buy bitcoin with your bank account.
Buy Bitcoin with Cash
LocalBitcoins.com: A peer to peer market that connects you with a bitcoin seller near you. There are dozens of ways to pay for your bitcoin, including meeting up in person or making anonymous cash deposits to a bank near by. Localbitcoins is the most used way to trade bitcoin in the world.
Buy bitcoin with Paypal
Xcoins.io: Buy bitcoin with your paypal account or earn interest on your bitcoins via paypal payments
Spend Bitcoin on Amazon to Save 15%
Purse.io lets you save 15-25% on Amazon.com orders when you pay with bitcoin. Just sign in with your Coinbase or Facebook account and link your Amazon wishlist. Someone with Amazon gift cards will pay for your order in exchange for your bitcoin – You don’t pay until after your gifts are delivered!
Keeping Your Money Safe
Buying bitcoins has become a very streamlined process in the past year. You can buy bitcoins online without worrying about being scammed. It is easy to make an account with any of these companies and order bitcoins to your personal bitcoin wallet. If you do not have a bitcoin wallet there are several types to choose from below:
Hardware Wallets – Safest Bitcoin Storage
Keepkey.com – A simple hardware wallet – Easy cold storage wallet for your bitcoin. Integrates with multibit wallet.
Trezor.io – Trezor Wallet: The Original Bitcoin Safe. Integrates with electrum wallet.
LedgerWallet.com – Bitcoin hardware ballet with solutions for business owners. B2B Bitcoin Security.
Multi-Currency Hardware Wallets: Secure Bitcoin & Alternative Blockchain Assets
- Ledger Blue: Pre-order for 229.00 €, shipping starts March 17, 2017. Ethereum & Altcoins supported
- Ledger Nano S: In-Stock now for 58.00 €, immediate worldwide shipping. Ethereum & Altcoins supported
Desktop / Personal Computer Wallet
Ideal for day to day use and online shopping – List of Bitcoin Wallets
Mobile / Smart Phone Wallet
Ideal for spending on-the-go. Use bitcoin anywhere – List of Bitcoin Mobile Wallets
Live Bitcoin Price & Chart Analysis Tools
Ideal for bitcoin & digital asset traders: TradingView.com Free Trial
Cryptocurrency investment portfolio manager + gains tax reporting tools: Cointracking.info 1st 200 trades are free
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How Do You Invest In Bitcoin?
A bitcoin exchange is a website where users can buy and sell bitcoins from each other.
To buy bitcoins, deposit your local currency to an exchange and place a Bid or ‘buy order’.
To sell bitcoins, deposit bitcoins to an exchange and place a Ask or ‘sell order’.
Together, the Bids & Asks make up what is called an ‘Order Book’. When there is a price match on the Order Book, a bitcoin trade between those two people occurs. Here is a picture of the OrderBook for the BTCUSD trading market BitFinex.com
You can see how much is for sale, and you can see who has active orders to buy bitcoins.
Which Bitcoin Exchange Is Best?
There is no best bitcoin exchange, but everyone has their favorite. When choosing a bitcoin exchange there are a few factors that will help narrow it for you:
How many bitcoins you want to trade: If you are a large investor you need to choose an exchange that has high liquidity in the order books to make sure your trades are filled without moving the price too much. You also want to find an exchange that has a Maker-Taker or Volume based trade fee model.
Your local currency: Most bitcoin exchanges use USD, CNY or EUR as a fiat trading pair. If you cannot deposit these currencies you’ll need to use one of the less popular exchanges.
Your country of citizenship: Bitcoin laws vary throughout the world, specifically the Know Your Customer / Anti Money Laundering laws. What this means is some bitcoin exchanges block users from certain countries because they don’t comply with the local laws. The United States has some of the strictest policies. Though bitcoin is perfectly legal in the United States, there are some bitcoin companies that still don’t want to do business with US customers. That’s fine, there are several regulated U.S. based bitcoin companies you can use.
How you want to pay for the bitcoins: There are tons of ways to buy bitcoins. You can use your bank account, credit/debit card, Paypal, Cash, etc, but not every website accepts all these payment types. Most bitcoin exchanges will allow you to wire money directly to and from your Banks checking or savings account. This is how most people invest in bitcoin. You can use credit cards or paypal, but it often costs more to buy bitcoin with these payment methods. There is also bitcoin price markup for paying in Cash because there is a high demand for people who want to avoid the KYC/AML laws.